Economist Podcasts Inflationary pressure: Argentina’s strikes
Apr 30, 2019
David Smith, an Argentina correspondent for The Economist, sheds light on the ongoing strikes in Argentina as citizens protest against soaring inflation and a devaluing currency. He discusses the political unrest linked to government austerity and the potential return of a controversial leader. Meanwhile, Edward McBride explores Taiwan’s presidential race, focusing on businessman Terry Guo and his perceived conflicts with China. The rich tapestry of political intrigue reveals how these global issues intertwine with local strife and economic challenges.
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IMF Intervention
- The IMF agreed to allow Argentina's central bank to intervene and support the peso.
- This measure provides greater flexibility to prevent further devaluation of the currency.
Macri's Dilemma
- Macri faces the dilemma of balancing economic reforms with the need to maintain public support.
- He must address the economic challenges while demonstrating tangible improvements in people's lives.
Terry Guo's Presidential Bid
- Taiwan's richest man, Terry Guo, launched his presidential bid at a temple, claiming divine inspiration.
- Despite this, voters may require more convincing due to past controversies surrounding him and his company, Foxconn.